[cpsnewswire] Hunnu Coal kicks off drilling program in world class coal region in Mongolia

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-9999-6779.



Hunnu Coal kicks off drilling program in world class coal region in Mongolia

August 10 (Proactive Investors) With an ambitious target of developing three coal mines in Mongolia within the next four years, Hunnu Coal (ASX: HUN) added to momentum with the commencement of a drill program at the Tsant Uul Coking Coal Project. Tsant Uul is strategically located within 40 km of the giant Tavan Tolgoi Coking Coal Field in the Umnugobi Province of southern Mongolia.

Given the large coalfields already found in this relatively under-explored region, the probability must be considered good given results achieved to date by Hunnu Coal.

Initial test results to date from Tsant Uul have demonstrated similarities to coals at the giant Tavan Tolgoi Coking Coal Field, according to George Tumur, managing director of Hunnu Coal.

A drilling programme aims to define an initial JORC resource in addition to further coal test work, with an initial exploration target set by Hunnu of 50Mt to 100Mt of coal.

Hunnu is aiming to become a major force in the exploration and development of coking and thermal coal deposits in the world class South Gobi and Middle Gobi Coal Provinces.

The Company has a 90% interest in the Tsant Uul Coking Coal Project, which covers over 69,000Ha in the world class South Gobi Coal Province of southern Mongolia. The project is located forty kilometres to the south of the giant Tavan Tolgoi Coking Coal Deposit and approximately five kilometres from the existing coal haulage road to China.

The Company's previous drilling programme included seven diamond core holes, five of which intersected multiple coal seams ranging from 0.5m to 25.22m in thickness starting from as shallow as 7.8m from the surface.

Drilling core samples were analysed at Alex Stewart Laboratory in Mongolia for the coal parameters. The coal quality analyses showed Total Moisture = 5% to 6.9%, Ash = 15.2% to 36%, Volatile Matters = 26.1% to 29.6%, Fixed Carbon = 36.2% to 50.7%%, Sulfur = 0.3% to 0.55%, Qdaf = 6,990 kCal/kg to 7,466 kCal/kg and CSN = 0 to 1.5. Initial test results demonstrate close similarities to coals at the giant Tavan Tolgoi Coking Coal Field.

The current drilling programme will progress over the coming months with the aim of generating a JORC resource and further coal test work.

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--- "Mogi" Munkhdul Badral CPS International Email: mogi@cpsinternational.mn Mobile: +976-99996779   CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-9999-6779.